Revenue Growth
Net revenues were USD 861.4 million, representing a year-over-year increase of 39.1% in U.S. dollar terms.
Learning Devices Business Expansion
Learning devices business grew its revenue on both a year-over-year and a sequential basis. The launch of 3 new models helped reach a broader user base.
Strong Financial Performance
Non-GAAP income from operations was USD 107.8 million compared to USD 64.5 million the previous year, and non-GAAP net income was USD 135.8 million compared to USD 74.3 million.
Positive User Feedback
Enhancements in online enrichment learning programs and learning devices have been well received by students and parents.